NIO Inc. $NIO Shares Sold by MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.

Key Points

• MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. reduced its stake in NIO Inc. by 9.1%, owning 926,138 shares valued at $3.53 million at the end of Q1.
• Several institutional investors have increased their holdings in NIO, with SG Americas Securities LLC raising its stake by 83.3% during the same period.
• NIO's stock recently received upgrades, including a price target increase from Bank of America from $5.00 to $7.10, while the stock currently has an average price target of $5.83.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lowered its holdings in NIO Inc. (NYSE:NIO - Free Report) by 9.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 926,138 shares of the company's stock after selling 93,253 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.'s holdings in NIO were worth $3,529,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Advisors Asset Management Inc. boosted its position in NIO by 39.1% during the 1st quarter. Advisors Asset Management Inc. now owns 123,467 shares of the company's stock worth $470,000 after purchasing an additional 34,678 shares during the period. Rafferty Asset Management LLC lifted its stake in shares of NIO by 38.9% during the first quarter. Rafferty Asset Management LLC now owns 50,109 shares of the company's stock worth $191,000 after purchasing an additional 14,028 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in shares of NIO by 49.2% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 18,441 shares of the company's stock worth $70,000 after purchasing an additional 6,078 shares in the last quarter. Compound Planning Inc. boosted its position in shares of NIO by 25.5% in the first quarter. Compound Planning Inc. now owns 33,746 shares of the company's stock worth $129,000 after buying an additional 6,865 shares during the period. Finally, Hsbc Holdings PLC grew its stake in shares of NIO by 96.6% in the first quarter. Hsbc Holdings PLC now owns 1,039,162 shares of the company's stock valued at $3,964,000 after buying an additional 510,610 shares in the last quarter. Institutional investors and hedge funds own 48.55% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on NIO. UBS Group upgraded NIO from a "neutral" rating to a "buy" rating and upped their price target for the stock from $6.20 to $8.50 in a report on Tuesday. Wall Street Zen raised shares of NIO from a "strong sell" rating to a "hold" rating in a report on Monday, September 8th. The Goldman Sachs Group upgraded shares of NIO from a "sell" rating to a "neutral" rating and boosted their price objective for the stock from $3.70 to $3.80 in a report on Tuesday, June 17th. Mizuho upped their price objective on shares of NIO from $3.50 to $6.00 and gave the company a "neutral" rating in a research report on Wednesday, September 3rd. Finally, JPMorgan Chase & Co. raised NIO from a "neutral" rating to an "overweight" rating and lifted their target price for the stock from $4.80 to $8.00 in a research report on Tuesday, August 26th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, NIO currently has a consensus rating of "Hold" and a consensus price target of $6.16.

NIO Stock Performance

NIO traded up $0.53 during trading on Tuesday, reaching $7.02. 130,015,673 shares of the company were exchanged, compared to its average volume of 100,064,144. NIO Inc. has a 52 week low of $3.02 and a 52 week high of $7.71. The company has a current ratio of 0.84, a quick ratio of 0.71 and a debt-to-equity ratio of 1.89. The firm has a 50 day moving average of $5.23 and a 200 day moving average of $4.34. The stock has a market cap of $14.65 billion, a P/E ratio of -4.39 and a beta of 1.20.

NIO (NYSE:NIO - Get Free Report) last announced its quarterly earnings results on Tuesday, September 2nd. The company reported ($0.32) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.30) by ($0.02). NIO had a negative net margin of 34.71% and a negative return on equity of 589.46%. The firm had revenue of $2.65 billion for the quarter, compared to analyst estimates of $20.07 billion. During the same period last year, the firm posted ($2.21) EPS. The business's revenue was up 9.0% compared to the same quarter last year. NIO has set its Q3 2025 guidance at EPS. On average, sell-side analysts forecast that NIO Inc. will post -1.43 EPS for the current fiscal year.

NIO Company Profile

NIO Inc designs, manufactures, and sells electric vehicles in the People's Republic of China. The company is also involved in the manufacture of e-powertrain, battery packs, and components; and racing management, technology development, and sales and after-sales management activities. In addition, it offers power solutions for battery charging needs; and other value-added services.